One of the top drivers in the compressed gas market in the 2020s is the growth of the cannabis concentrate market, projected to grow at a 17.8% CAGR through 2026, while the cannabis market as a whole is expected to grow by over 30% in the next three years.
As legalization of cannabis expands in the US and European countries progressively embrace medicinal cannabis programs, supercritical CO2 extraction is emerging as a leading technology for manufacturing, driving demand in the compressed gas market.
Supercritical CO2 extraction offers significant advantages to manufacturers in yield, safety and purity, and while it is a new entry to the cannabis market, it has a long history in the extraction of botanical oils.
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